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OPEC - Wikipedia


Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 nations, ...

OPEC : Brief History


The five Founding Members were later joined by nine other Members: Qatar ( 1961); Indonesia (1962) – suspended its membership in January 2009, reactivated ...

Why was OPEC formed? | Reference.com


OPEC was formed to allow a group of oil exporting countries to organize their economic policies in order to ensure income and influence oil prices globally.

Organization Of The Petroleum Exporting Countries (OPEC) | JODI


OPEC was formed on September 14, 1960, at a meeting in Baghdad, the Iraqi capital, attended by five countries that became the founding members.

OPEC: The Concise Encyclopedia of Economics | Library of ...


In September 1960, four Persian Gulf nations (Iran, Iraq, Kuwait, and Saudi Arabia) and Venezuela formed OPEC in order to obtain higher prices for crude oil .



Sep 14, 2010 ... OPEC was formed in Baghdad in 1960 when five of the world's top oil-producing countries — Iran, Iraq, Saudi Arabia, Kuwait and Venezuela ...

OPEC | multinational organization | Britannica.com


Sep 10, 2010 ... OPEC was established at a conference held in Baghdad Sept. 10–14, 1960, and was formally constituted in January 1961 by five countries: ...

21 Facts About The Oil Cartel OPEC | Xpatnation


Dec 3, 2015 ... Before OPEC was formed, the international oil market was dominated by the “ Seven Sisters” – which was a group of large international oil ...

OPEC: Definition, Members, History, Goals - The Balance


Dec 1, 2016 ... The five founding members were Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. OPEC registered with the United Nations on November 6, ...

GEO ExPro - The Road to OPEC 1960


The meeting in Baghdad in September 1960 that led to the formation of OPEC by five founding countries: Saudi Arabia, Venezuela, Iraq, Iran and Kuwait. (Photo: ...

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OPEC : Member Countries


The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five ...

Organization Of Petroleum Exporting Countries - OPEC Definition ...


An organization consisting of the world's major oil-exporting nations. The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 to ...

OPEC Fast Facts - CNN.com


Apr 1, 2016 ... The purpose of OPEC for members is to "coordinate and unify the ... 1960 - OPEC is formed in Baghdad, Iraq, by founding members Iraq, ...